Zions Bancorporation Sustainability Profile
Zions Bancorporation, also known as Zions Bank, is a prominent financial institution headquartered in the United States. Founded in 1873, the bank has established a strong presence across the western U.S., particularly in states like Utah, Idaho, and Arizona. Operating within the banking and financial services industry, Zions Bancorporation offers a diverse range of products, including commercial and consumer banking, wealth management, and treasury services. Renowned for its commitment to customer service and community engagement, Zions Bank has achieved significant milestones, including its expansion into various markets and the development of innovative financial solutions. With a solid market position, Zions Bancorporation continues to be a trusted partner for individuals and businesses, providing tailored financial services that meet the unique needs of its clients.
DitchCarbon Score
How does Zions Bancorporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Zions Bancorporation's score of 28 is lower than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zions Bancorporation's reported carbon emissions
In 2023, Zions Bancorporation reported total carbon emissions of approximately 21,305,000 kg CO2e. This figure includes Scope 1 emissions of about 1,689,000 kg CO2e, which comprise 182,000 kg CO2e from process emissions and 1,507,000 kg CO2e from stationary combustion. The company also disclosed Scope 2 emissions of approximately 16,106,000 kg CO2e, alongside Scope 3 emissions from business travel amounting to about 3,510,000 kg CO2e. Despite the significant emissions reported, Zions Bancorporation has not established specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates a lack of formalised goals for emissions reduction. Furthermore, there are no documented climate pledges or commitments to renewable energy initiatives such as RE100. Zions Bancorporation's emissions data is not cascaded from any parent organisation, and all figures are reported directly from Zions Bancorporation, National Association. The company continues to operate within the financial services sector, which is increasingly scrutinised for its environmental impact, highlighting the importance of developing robust climate strategies in the future.
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| 2023 | |
|---|---|
| Scope 1 | 1,689,000 |
| Scope 2 | 16,106,000 |
| Scope 3 | 3,510,000 |
How Carbon Intensive is Zions Bancorporation's Industry?
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Zions Bancorporation's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 16% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Zions Bancorporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Zions Bancorporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
